Overview
Red Robin fiscal Q2 revenue falls to $283.7 mln but beats estimates
Adjusted EPS for fiscal Q2 beats expectations, reaching $0.26, per LSEG data
Adjusted EBITDA rises 64% yr/yr, surpassing analyst estimates, per LSEG data
Outlook
Red Robin expects fiscal 2025 revenue to be approximately $1.2 bln
Company anticipates comparable restaurant sales to decline 3% to 4% in fiscal 2025
Red Robin maintains adjusted EBITDA guidance of $60 to $65 mln for fiscal 2025
Result Drivers
FIRST CHOICE PLAN - Execution of strategic elements of the First Choice plan showing encouraging results, per CEO Dave Pace
BIG YUMMM BURGER DEAL - Meaningful improvement in traffic attributed to the launch of the Big YUMMM Burger Deal
OPERATING PROFIT MARGIN - Significant increase in restaurant-level operating profit margin due to exceptional operator performance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $283.70 mln | $281.70 mln (5 Analysts) |
Q2 Adjusted EPS | Beat | $0.26 | -$0.15 (4 Analysts) |
Q2 EPS |
| $0.21 |
|
Q2 Net Income |
| $4 mln |
|
Q2 Adjusted EBITDA | Beat | $22.40 mln | $17.40 mln (4 Analysts) |
Q2 Income From Operations |
| $9.80 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
Wall Street's median 12-month price target for Red Robin Gourmet Burgers Inc is $11.00, about 44% above its August 12 closing price of $6.16
Press Release: ID:nPn32Czhja